Art Market Trends 2022: Top 5 Learnings | CB-Art Group
Paul Allen, Landmark Sale, Christies, 2022
As the art market evolves, staying informed is key. Here are the top 5 things we learned about the art market in 2022 at CB-Art Group.
1. Growth
The art market is expanding. Social media has brought artists closer to audiences, driving demand for their work. Art has also become an inflation-proof investment, with record-breaking sales like the auction of Microsoft co-founder Paul Allen's collection.
Vincent van Gogh, Verger avec cyprès, 1888, from Paul Allen’s collection. Image: Christie's
2. Change
The art market is transforming. Increased transparency and accessibility through social media platforms have revolutionised the industry. 2022 also witnessed more female artists enter the market, leading to a rise in their secondary market prices.
The Story of Art by Katy Hessel, 2022
3. Post-Pandemic Boom
The art market has thrived during the pandemic, largely due to the rise in online technology. The global online art market has doubled since 2018, and this trend shows no sign of slowing down.
4. Affordable Art Is In Demand
The market for artworks priced between £10,000 and £250,000 is growing. Buyers are seeking affordable works that can increase in value over time, leading to a diversity in the market.
Doron Langberg, Amy in Her Studio, 2017, Image: Phillips
5. Modern and Contemporary Art Outselling Old Masters
Modern and contemporary art is becoming more accessible and attracting younger artists. As a result, it's providing more affordable investment options than old masters.
Conclusion
The art market is rapidly changing, offering numerous opportunities for collectors. As it continues to grow and evolve, working with a trusted art advisor like CB-Art Group can help you navigate these changes and spot emerging trends and artists.
Reach out to CB-Art Group today to start building your art collection.